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In a move to combat crime, Ecuador’s National Court of Justice has sanctioned the use of weapons and explosives seized during operations by the National Police and the Armed Forces. The resolution came as part of the country’s effort to address a rise in organized crime and violence, particularly drug-related incidents. Interior Minister, Juan Zapata, […]
This week brings key economic updates from Latin America, impacting consumer price inflation in Chile and Mexico, and GDP growth in Brazil. Let’s dive into why these numbers matter. Chile’s Inflation on the Rise On June 3, Chile will release its Economic Activity Index for April 2024. Analysts predict a 2.3% increase year-on-year, following a […]
UBS predicts Brazil’s Selic rate will decrease to 8% by the end of 2024, below the broader market’s expectation of 9%. Analysts attribute this to stagnant industrial inflation and decreasing food prices. These factors, they argue, will more than offset the steady inflation in services. As a result, they expect the IPCA to hit 3% […]
Credit rating agency Fitch has upgraded Brazil’s long-term credit rating from BB- to BB due to better-than-expected fiscal performance and policy reforms. The GDP growth forecast for 2023 has also been revised upwards from 0.7% to 2.3%. This is the first such adjustment since 2018, acknowledging the progress made in addressing economic challenges despite political […]